Price last week rejected off the bottom of the triangle pattern on the higher timeframe, breakout out of the range to the upside & clearing resistance to finish off the week. This upcoming week, I am looking for a retest of previous resistance to test as new support, which looking left price has made a strong reaction before. I am looking for a similar scenario again, & for price to continue into the next resistance zone above which aligns with the top of the pattern.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.